The Archive · 1931

Private Debts Coming

Pais, Dee. 17, 4, Betish note preparatory to the forthcoming Reparations Conference kas "been presented in. reply' to French memorandum refusing pros: ity of commercial debts, The Deitch ote stresses the importance of com. of discuss details, ponding a report Reread debts fo Bitain, but does the Basle committee on Cermeny's solvency.

Discussions are proceeding as re-ing gards a vere of.the. Conference. So far no decision' has been taken though The Hague in mid-January has been mentioned—Reuter. London, Dee, 17, London, Dec, 18, The great possibilities of the markets of the Far East were eme Major John Colville, the Secretary of the Departmnt of Gver~ seas Trade a speech at the Chamber of Commerce to-day.

He expressed the opinion that China before yo very long must rid self of its internal difficulties, "Nothing," he said, "can hold back very much longer the' inevitable force of social and commercial pro gress in.

at vast area."

Major Colville did not forecast the immediate development "of the Sir Frederick# Leith-Ross, the|Chinese market, but he expressed a Deputy-Controller of H.M, Treasury, beliet—and his view, he said, was left for Paris to-day in order to ex: fully borne: out by the members of change views with the French the recent economic mission to the Government preparatory to the In-Far Enst—that British merchants ternational Conference on Repararitist take the long view and be ready. ions. to play their part in the economic The Conference will be held after development of China when the the special advisory committee called. opportunity arose, under the terms of the Young Plan, If they did not take the long view Which is now sitting at Basle, hay and if they were not ready to seize made its report—Reuter. the opportunities when they. arose, 7 lin, Dee, 17, Major Cotte warmed. them that A tentative agreement appears tolecrtainly: tale some foreign "competitor. would have been reached in the negotia. {Ke their place—Reuter, than tions between German and foreign bonkers for prolonging the frozen short term credits granted to Ger-

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